Progress So Far, National Infrastructure Pipeline

Opportunity India Desk
Opportunity India Desk Jan 17 2022 - 1 min read
Progress So Far, National Infrastructure Pipeline
Ministry of Finance, Delivery on Budget Promises 2020-21, Department of Economic Affairs recently shared the progress so far of the National Infrastructure Pipeline (NIP).

The ministry announced it aims to improve physical quality of life through the National Infrastructure Pipeline.

Progress so far-

NIP was launched on 29th April 2020 with 6,835 projects; the project pipeline has not expanded to more than 9000 projects.

NIP is a part of Government of India’s initiative to provide world class infrastructure to its citizens and enhance ease of living.

Around 643 projects worth Rs 4.2 lakh crore have been completed till 15th December 2021.

Around 14% projects are under conceptualisation, 27% Under Development and 52% Under Implementation.

Under NIP, Ministries/Departments have spent around 7.3 Lakh crore in FY 19-20 and Rs 9.8 lakh crore in FY 20-21, which is almost 34% increase from FY 19-20.

Till Q2 of FY 21-22, Ministries/ Departments have spent around 4.1 Lakh crore and are targeting to spend Rs 12.95 Lakh crore during FY 21-22.

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